Spacious Retail/Warehouse/Office
For Sale
$2,900,000
16525 NW 27th Ave, Miami Gardens, FL 33054
8253 SF retail/warehouse/office space with high ceilings.
Property Size8,253 SF
Price / SF$351.39
Days on Market204
Property Features for 16525 NW 27th Ave
General Information
Standard status
Active
Size
8,253 SF
Building Details
Year Built
1960
Listing Agency:
Realty Hub
Listed By:
Alan I Waserstein · License #0438224
(786) 703-1731
Source:
Thepennteam
Added: Mar 26
Changed: Oct 8
Last Checked: Oct 7 at 2:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Hub
Investment Insights
Based on property information with market context.
This 8253 square foot space, formerly a Family Dollar, offers an open layout with a stock room of approximately 1000 square feet, two ADA restrooms, and a manager's office. The property features parking at the front and rear of the store. Situated on a corner location, it provides access from both 165th Street and 27th Avenue, facilitating easy delivery for 18-wheelers. The space is suitable for retail, showroom, warehouse, or office use. It features high ceilings, street and building signage, and is located with easy access to the Palmetto Expressway and other major highways. The property benefits from high car traffic.
Key Highlights
- High‑traffic corner location with access from two streets (165th Street and 27th Ave).
- Large, open 8200 sq ft space suitable for retail, showroom, warehouse, or office.
- Ample parking in both front and rear of the store.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,201
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,504,020
$2.5M
Cap Rate 7%
$1,788,586
$1.8M
Cap Rate 9%
$1,391,122
$1.4M
Market Conditions
NOI Build-Up for 8,253 SF
Gross rent
$212.9K $25.80/SF
− Vacancy
−$46.0K −$5.57/SF
EGI
$166.9K $20.23/SF
− OpEx
−$41.7K −$5.06/SF
NOI
$125.2K $15.17/SF
Area
Miami Gardens, FL
Vacancy
21.60%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,504,020
Cap Rate 7%
$1,788,586
Cap Rate 9%
$1,391,122
Alternative Uses
Best Use
Office B
$1.79M
$1.57M – $2.09M
NOI $125,201 @ 7.0% cap · market cap 4.32%
Second Best
Warehouse
$1.74M
$1.52M – $2.03M
NOI $121,713 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $171,992 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 33054, FL
30,352
Population
10,263
Households
3
Avg Household Size
37
Median Age
10%
College-Educated
75%
High-School Grad
8.4 sq mi
ZIP Area
3,613
Density / Sq Mi
$42,779
Median Household Income
$31,147
Median Earnings
$1,346
Median Rent
$291,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Retail space - 8253 SF retail/warehouse/office space with high ceilings.
Where is this retail space located?
The property is located at 16525 NW 27th Ave Miami Gardens, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: High‑traffic corner location with access from two streets (165th Street and 27th Ave).; Large, open 8200 sq ft space suitable for retail, showroom, warehouse, or office.; Ample parking in both front and rear of the store.
